Due to Service _____,Services Cannot Be Stored,warehoused,or Inventoried

question 167

Multiple Choice

Due to service _____,services cannot be stored,warehoused,or inventoried.

• A) tangibility
• B) variability
• C) intangibility
• D) perishability
• E) heterogeneity

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Definitions:

Rollback Technique

A decision analysis procedure used to solve decision trees backwards from the end nodes to the beginning, to find the sequence of decisions that maximizes the expected utility.

Expected Opportunity Loss

The anticipated value of the best foregone opportunity when a particular decision is made.

Gross Profits

Total revenue of a company minus the cost of goods sold, not including other operating expenses.

Payoff Table

A table that lists the possible outcomes of different decisions, often used in decision analysis to compare the implications of various strategies.